So I have been away for a while but I am back in action. For how long? I can't say. I guess it depends on my readership. The market has been on a roller coaster ride! Well I am going to get my act together and start posting great stuff!
E-Loan Savings account rates dropped from 5.50% APY to 5.38% APY. As you might have noticed E-Loan has dramatically slashed down their rates on CD from 5.75% to 5.25% and below. Where CD rates depend on the balance. I personally am disappointed with E-Loan. They have had one too many glitches, other problems and rate drops. What's in store for E-Loan? Only time will tell. Tomorrow we shall see what the other online savings banks are going to do with their rates like GMAC who update their rates every Friday. They might be slashing down their rates very soon.
Election day was something. I was up until 3 AM flipping through channels as the votes unraveled and looks like Virginia the deciding vote went to the Democrats giving them the majority in the Senate and the House of Representatives. This says something about the Republican Party and President Bush. He said something like this on TV, " I thought we were going to do just fine yesterday, but this shows what do i know.." I think that's what he said or something to that effect.
Back to the minimum wage issue:
"Tuesday's election means more money for minimum-wage earners in several states. Voters there increased the rates above the federal standard of $5.15 an hour." ...... "
